Oxford Lane Capital Corp. (NASDAQ:OXLCO) Sees Large Decrease in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 2,366 shares, a decline of 42.2% from the July 15th total of 4,090 shares. Based on an average daily trading volume, of 1,385 shares, the short-interest ratio is currently 1.7 days.

Oxford Lane Capital Stock Up 0.5%

Oxford Lane Capital stock traded up $0.12 during mid-day trading on Wednesday, hitting $24.02. The company’s stock had a trading volume of 202 shares, compared to its average volume of 2,566. Oxford Lane Capital has a 52-week low of $22.99 and a 52-week high of $24.98. The firm’s 50 day moving average is $23.99 and its 200 day moving average is $23.77.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a $0.125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, November 16th.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital accounts for 2.5% of Karpus Management Inc.’s holdings, making the stock its 14th biggest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.